Monday, May 1, 2017

Tech billionaire buys Sydney mansion for record USD56-M

SYDNEY, Australia - Tech billionaire Scott Farquhar has bought a Sydney waterfront mansion for an Australian record Aus$75 million (US$56 million), a report said Monday, after the owners resisted selling the 1863-built home to developers.Tech billionaire Scott Farquhar buys Sydney waterfront mansion built in 1863 for record US$56 million, report says https://t.co/bOdBrV9CyIpic.twitter.com/bNwIMnBJpN

The co-founder of Australian software giant Atlassian, which floated in the United States in late 2015, snapped up the iconic "Elaine" from John Brehmer Fairfax, whose family formerly owned the Sydney Morning Herald.

The estate, which stretches down to a harbor beach in Sydney's prestigious Point Piper, had been in the Fairfax family since 1891 when it was bought for 2,100 pounds. It features horse stables, a tennis court and a ballroom.